Inequality in incomes between rich and poor countries is growing and must be confronted to prevent global destabilization according to the UN’s “World Economic and Social Survey 2006: Diverging Growth and Development,” which shows that the average Ethiopian is 35 times poorer than his US or European counterpart, whereas in 1950 the income differential was a smaller 16 times. The average US citizen has an income 27 times greater than that of the average Nepalese, whereas in 1950 the difference was only 19 times, according to the report compiled by the UN’s Department of Economic and Social Affairs, which said that most of the world’s poorest nations are falling behind in more or less similar degrees. The growing gap – with a few emerging nations including China and India bucking the trend – contradicted conventional wisdom that income differences would close as the world economy became more integrated, the report said.
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